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28 April, 06:00

Assume it costs Lady Marion Seafood, Inc. $30 to each catch, process, freeze, package, and ship 5 pound packages of Alaskan Salmon. It uses a 60 percent markup on its salmon products and charges customers $48 for a postage-paid vaccum-sealed package. What type of pricing Lady Marion Seafood use

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  1. 28 April, 08:52
    0
    Standard markup pricing

    Explanation:

    Standard markup is a quick and easy way to find out how much you pay for your goods or services.

    After calculating the actual cost of the product, the seller or business owner adds a percentage of the actual cost of the product to arrive at its selling price.

    so here

    Actual cost = $30

    Markup = 60% of actual cost

    Markup = 0.6 * $30

    Markup = $18

    so selling price is

    selling price = $ (30 + 18)

    selling price = $48
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